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  • Published
    29th Jul, 2022

Context: 

Supreme Court has upheld the core amendments made to the Prevention of Money Laundering Act.

What is the rationale behind the Prevention of Money Laundering Act?

  • Prevent and control money laundering.
  • Seize and confiscate property obtained from laundered money.
  • To deal with any other issue related to money laundering in India.
  • To ensure national security and curb the terror financing.
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